Chevron Sees New Investment Amid Broad Institutional Support

Advisors Preferred LLC has made a new investment in Chevron Corporation (NYSE:CVX), acquiring 6,600 shares valued at approximately $1.117 million during the second quarter.

This is not the only recent investment in Chevron; several other hedge funds and institutional investors have also increased their stakes in the company over the past few months.

In fact, 72.42% of Chevron's stock is owned by institutional investors and hedge funds.

Despite some insider sales, including those by CEO Michael Wirth and Andrew Benjamin Walz, analysts remain broadly favorable towards the company, with a 'Moderate Buy' consensus rating and a target price of $207.48.